Tagged: japan

Gox Rising Limited, a corporation incorporated in the British Virgin Islands, has scheduled a series of calls to discuss a plant to relaunch Mt. Gox Exchange. Mt. Gox Exchange, a Bitcoin trading platform that was based in Japan, remains one of the most famous crypto… Read More

OakNorth, a UK-based fintech startup, has successfully secured $440 million through its latest investment round, which was led by Japan’s SoftBank Group Corp. Launched in 2015 by Rich Khosla and Joel Perlman, OakNorth claims to be Europe’s fastest-growing fintech company by assets and valuation. The company… Read More

Investigators in Japan have found that 40% of 56 key economic indicators used by the government to asses the state of the economy in Japan contain errors, Nikkei Asian Review (NAR) reports. The determination has reportedly cast doubt on President Shinzo Abe’s program of “Abenomics,” which… Read More

Crypto Garage has accepted into the Japanese Financial Services Authority (FSA) Fintech Sandbox program. This is the first blockchain and finance project authorized by the Sandbox. The FSA announced the news in a release which was followed by a post by the parent company of… Read More

“The business environment is increasingly harsh, but we can still produce a profit.” Two large Japanese IT companies, DMM and GMO, recently closed or considerably shrank their cryptomining operations citing millions in 2018 losses. That hasn’t stopped the Japanese firm Ginco Mongol, whose CEO furnished the… Read More

Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More

Regulators from the Japanese Financial Services Agency today told Cointelegraph Japan that, contrary to information provided by an anonymous source to Bloomberg, the agency is not contemplating approving Bitcoin ETFs in Japan right now. According to an FSA source to Cointelegraph: “We are not considering… Read More

“Deteriorating profitability” resulting from stiff global competition from other miners and sharply falling cryptocurrency prices have prompted the Japanese e-commerce and Internet firm DMM to abandon its efforts in the crypto-mining sector, Toyo Kazei reports. DMM now joins Japanese Internet firm GMO, which also recently… Read More

Mark Carpeles, the disgraced former CEO of the now-defunct early Bitcoin exchange Mt Gox, has told a Japanese court that he did not embezzle 340 million yen (~$3 million USD) from the exchange in 2013, NHK reports. Mt Gox fell apart in the early months… Read More

Japan’s Mizuho Financial Group is reportedly planning to introduce its very own digital currency, which will be used for shopping and remitted at no cost, sometime in 2019. According to Asian media website, Nikkei, Mizuho will reportedly allow retail shops using the currency to change… Read More

Madison Holdings Group (HKSE: GEM), a French wine company, is looking to purchase a $30 million stake in Japanese cryptocurrency trading platform, BitOcean. According to South China Morning Post, Madison Lab, a subsidiary of Madison Holdings, is to acquire 6percentcent of BitOcean from independent third parties… Read More

GMO, a large Japanese Internet-service provider, announced December 25th that it is abandoning the manufacture of hardware for the mining of cryptocurrencies following “extraordinary losses” in the company’s cryptocurrency division in Q4 2018: “After taking into consideration changes in the current business environment, the Company… Read More

Researchers at the Mosaic “cryptoasset data and research platform” have assembled a report showing that Asia is still the centre of the universe when it comes to crypto-price action. The company begins by describing “key headline events” in China, Korea and Japan during the course of… Read More

Prosecutors in Japan today asked the courts to levy ten years imprisonment against Mark Karpeles, former CEO of Mt Gox, the largest early bitcoin exchange, Nikkei Asian Review reports. Mt Gox folded in 2014 after $423 million in bitcoins and $247 million in cash went… Read More

Digital bank Revolut has acquired licenses to expand in Japan and Singapore. The launch in the Asian countries comes just after the fintech reportedly is planning to raise $500 million through its upcoming Series D funding round. According to CNBC, Revolut reported it received a remittance license… Read More

The transfer of the recently hacked Japanese cryptocurrency exchange Zaif to new owners has been finalized, says a release from the new owners, FISCO. For a time, the Zaif system will operate independently of the Fisco Cryptocurrency Exchange (FCCE), which is already operating, but will… Read More

Eight men in Tokyo have been charged by local police with running a Bitcoin Ponzi scheme that authorities say defrauded over 6000 individuals in 44 Japanese prefectures of ¥ 7.8 billion ($68.44 million), Asahi reports. The men, including Kazunari Shibata, 46, who works as an executive… Read More

Cybersecurity researchers in Japan say they have unearthed digital traces that could lead them to the hackers responsible for the September 14th theft of $60 million USD in cryptocurrencies from the licensed Japanese crypto exchange Zaif. The attack in question took place over two hours… Read More

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